Bear market creates in irrational fear. CVN heading towards 16.5, no one is going to buy speculative stocks with no income.
Whilst we know what CVN has, we will need to wait for the this bear to bottom out, still have another 15% (imo) to shed before the Fed will attempt to calm the markets, that should play out over the next six months.
Wait for the official announcement that the US and then Australia are in recession, that sell off will be worth buying, as we are already in a recession.
Presentation by CfO, page-19
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Last
15.3¢ |
Change
0.003(1.67%) |
Mkt cap ! $272.8M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 15.5¢ | 15.0¢ | $29.49K | 191.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 942234 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 2775113 | 20 |
View Market Depth
| Last trade - 11.50am 09/08/2024 (20 minute delay) ? |
| CVN (ASX) Chart |